Byotrol PLC Trading Update (8469U)
03 Agosto 2020 - 8:00AM
UK Regulatory
TIDMBYOT
RNS Number : 8469U
Byotrol PLC
03 August 2020
B y otrol Plc
( " B y o t rol" or the "Group")
Update on current trading
Trading for the current financial year to 31 March 2021 remains
strong across the whole Group and multiple opportunities continue
to be available, across both product sales and IP licensing.
Product sales for the first quarter to 30 June exceeded GBP3.4m
and orders for July and August continue to look encouraging. Our
order book at the end of June stood at approximately GBP2m. Our
current net cash position is healthy at GBP1.8m.
Whilst it is early in the year, assuming continued easing in
supply chains and a relatively orderly Brexit, the Board would
expect revenue and EBITDA for the current financial year to be
significantly ahead of current market expectations.
We expect to announce the results for the year ended 31 March
2020 in mid September along with a further update on trading.
David Traynor, Chief Executive of Byotrol plc commented :
"Trading remains strong in all our markets and supply chains
continue to ease to our benefit. We remain very confident in the
outlook for the Group, both for the current year and in the longer
term."
Enquiries:
Byotrol plc
David Traynor - Chief Executive Officer
Nic Hellyer - Chief Financial Officer 01925 742 000
finnCap
Geoff Nash/Kate Bannatyne - Corporate Finance 020 7220 0500
Richard Chambers - ECM
Flagstaff Strategic and Investor Communications
Tim Thompson/Andrea Seymour/Fergus Mellon +44 (0)207 129
1474
byotrol@flagstaffcomms.com
This announcement is released by Byotrol plc and, prior to
publication, the information contained herein was deemed to
constitute inside information under the Market Abuse Regulations
(EU) No. 596/2014. Such information is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a specialist infection
prevention and control company, operating globally in the
Healthcare, Industrial, Food and Consumer sectors, providing low
toxicity products with a broad-based and targeted efficacy across
all microbial classes; bacteria, viruses (including coronavirus),
fungi, moulds, mycobacteria and algae.
Byotrol's products can be used stand-alone or as ingredients
within existing products, where they can significantly improve
their performance, especially in personal hygiene, domestic and
industrial disinfection, odour control, food production and food
management.
Byotrol develops and commercialises technologies that create
easier, safer and cleaner lives for everyone.
For more information, please go to byotrol.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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